This is just a view of Vedanta. Now stock is at important trend line, next important supply zone also mentioned in the chart. This is just for education purpose, you can check how stock was behaved once it broken its important resistance previously.
Do your own analysis before taking any trade.
NSE:VEDL
VEDL is about to Break out and Buy Above 244 and Target 440.
There has been change in the holding patterns in last few days.
and it indicates FII have beginned their entry middle of this month onwards.
18.07.2022 FII Net Holding 156.08 Cr DII Net Selling 844.33 Cr
19.07.2022 FII Net Holding 976.40 Cr DII Net Selling 100.73 Cr
So iam anticipating a uptrend move...
VEDANATA LTD -- 15 min chart -- INTRADAY SETUP
1. Trend reversal sign seen from oversold level at DAILY CHART shown double bottom formation at 208-210 level
2. from extream oversold level pullback can seen now
3. stock above 21, 44, 200 HMA in 15 MIN chart
4. Resistance breakout seen last 15 min candle
5. RSI seen moving upward direction from oversold...
NSE:VEDL
as per these harmonic pattern vedanta limited stock at harmonic PRZ. if find reversal in this PRZ one can accumulate 50% quantiti for long to mid term and swing trades also enter for swing trade with proper risk management.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation...
NSE:VEDL
#VEDL formed ascending triangle post shared the level in TV, check the attached idea,
Worked as support and not look back again and delivered 11%, 27k in 300 CE options.
Levels marked on chart for practice.
Happy LEarning !!
Vedanta looking good above 315 for the upper marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Stock of the week: Vedl
CMP: 378.45
SL: 353
Target: 390 / 400
This stock is respecting the short term uptrend line and RSI continues to trade above 50 level and making higher high which is indicating strength in the stock price movement.
Buy Vedanta for Positional Trading as well as Investment.💸🔥💸
Comment your views‼️😄
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💡Future view:
The steady growth in both - volumes and metal prices - along with optimum utilisation of capacity should translate to strong growth across verticals in the coming months. Furthermore, the company’s foray into the mining of critical minerals such as nickel and cobalt...
Have marked important investment and trading zone...
this is purely for investments on any correction
or can be used for short term trading.
LIke... Share.. Follow
We can expect an awesome upward move from the /steel sector if tata steel sustains above 1249 level , considering it's blockbuster results, let's hope FII's become net buyers else this breakout will be useless.
NSE:VEDL
Observations:
1) On 1 day time frame, we can see that it came out from the resistance channel.
Also it came out from the neck line of rounding bottom pattern and closed above 350 level.
Next resistance is at 360 level.
Safe buy on sustainable breakout of 360 level.
Please refer below chart : 1day Time Frame. ...
![VEDL: Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]](https://s3.tradingview.com/g/GVPzoZKq_mid.png "Simple Trade Setup | VEDL | 07-02-2022 [INTRADAY]")
